Form 4: Executive Vice President Donald Pilmer Reports Changes in Old Second Bancorp Stock Holdings

Donald Pilmer, Executive Vice President of Old Second Bancorp Inc., reported the acquisition of 16 shares of common stock through company plans and updated his total beneficial ownership.

Summary

• Donald Pilmer, Executive Vice President of Old Second Bancorp Inc. (OSBC), reported changes in his beneficial ownership of company stock.
• On June 30, 2025, Pilmer acquired 1 share of Old Second Bancorp, Inc. Common Stock through the Old Second Profit Sharing Plan.
• On the same date, he acquired an additional 15 shares of Old Second Bancorp, Inc. Common Stock through the Old Second Employee Salary and Savings Plan (401-K Plan).
• These acquisitions were reported with a transaction price of $0, indicating they were likely allocations or grants rather than open market purchases.
• Following these transactions, Pilmer's total beneficial ownership includes 181 shares via the Profit Sharing Plan, 3,981 shares via the 401-K Plan, 1,450 shares in his spouse's IRA, 63,135 directly held common shares, and 38,718 directly held Restricted Stock Units.

Sentiment

Score: 7

Explanation: The filing indicates an executive's acquisition of shares through company plans, which is generally a positive signal of confidence and alignment with shareholder interests, though the amount is small relative to total holdings. It's a routine filing with no negative implications.

Positives

• Increased beneficial ownership of company stock by a key executive, indicating alignment of interests with shareholders.
• Acquisition of shares through employee benefit plans (Profit Sharing and 401-K) suggests ongoing participation in company-sponsored equity programs.

Future Outlook

The document is a Form 4 filing, which reports insider transactions and does not typically provide forward-looking statements or guidance on the company's future outlook.

Industry Context

This Form 4 filing reflects routine insider stock activity within the banking and financial services sector. Such transactions are common for executives participating in employee stock plans and are generally viewed as a positive sign of management's alignment with shareholder interests, particularly when they involve acquisitions rather than sales. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• Form 4 filings are specific to individual insider transactions and do not typically lend themselves to direct comparisons with global benchmarks or specific comparable companies' financial results.
• The reported acquisitions of shares through employee plans are standard practice across industries for executive compensation and retention.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholders due to stock acquisitions.
• Employees: The transactions involve employee benefit plans (Profit Sharing, 401-K), indicating the executive's participation in these programs.

Key Dates

Recommendation

Keywords

Old Second Bancorp, OSBC, Donald Pilmer, Insider Trading, SEC Form 4, Stock Ownership, Executive Compensation, Financial Services, Banking